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    BSP tracks strong outflows, weak inflows in October amid global uncertainty

    The Bangko Sentral ng Pilipinas (BSP) on Friday reported a shift in foreign investment flows for October 2024, with net outflows amounting to USD529.68 million.

    Inflation pressures remain as weather, peso weigh on prices

    The Bangko Sentral ng Pilipinas (BSP) on Friday projected that inflation for November 2024 will settle within the range of 2.2 percent to 3 percent.

    Strategic liquidity management helps fuel 10-month loan growth

    Lending activity among banks remained robust in October, with universal and commercial banks (U/KBs) reporting a 10.6 percent year-on-year expansion in outstanding loans, slightly easing from the 11 growth in September, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.

    National government posts P6.3B surplus in October

    The national government (NG) reported a strong fiscal performance in October, recording a P6.3 billion surplus, a significant turnaround from the P34.4 billion deficit in the same month last year. 

    MGen expands coal-fired plans despite moratorium

    Manila Electric Co.'s (Meralco) power generation arm, Meralco Power Gen Corp. (MGen), is actively pursuing the development of new coal-fired power plants, despite a government-imposed moratorium on new coal projects.

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    GoTyme Bank hits 7.8 million depositors

    GoTyme Bank, a joint venture between Gokongwei Group and Tyme Bank, said on Thursday that it has reached 7.8 million customers as it marks its third year in the Philippines.

    Cavite industrial estate adopts retail aggregation program

    MPower, the retail electricity arm of Manila Electric Company (Meralco), has partnered with the First Cavite Industrial Estate Association Inc. (FCIE) to energize its facilities and enroll the industrial park in the Retail Aggregation Program (RAP).

    Aboitiz Foundation leads typhoon relief efforts across Visayas and Mindanao

    The Aboitiz Foundation, in collaboration with various Aboitiz business units under the OneAboitiz initiative, has launched extensive relief and recovery operations for communities affected by Typhoon Tino across Cebu and other areas in the Visayas and Mindanao.

    Typhoon Tino causes ₱13.26 Million in initial agriculture damage

    Initial damage to the agriculture sector from Typhoon Tino has reached ₱13.26 million, affecting 742 farmers and 552 hectares of farmland, according to a 2 p.m. report Thursday from the Department of Agriculture.

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